The real comparison AT PRESENT should be return on ASSETS not ASSET valuation- clearly asset cannot be valued only cash flow and profit per share can be evaluated- I am not suggesting Mermaid is a dud investment I am stating that under today's conditions NMS has less to revalue and more cash flow per share, these are the only valuations that make sense at this time.
It is not unreasonable to suggest that should mermaid's cash flow deteriorate NMS could buy their assets for less than NTA-Consider that ion comparative values!
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